Strong Revenue Growth and Profitability
Revenue grew by 10% and EBITDA increased by 35%, achieving the strongest profitability for the first quarter over the past decade.
Successful Debt Refinancing
Successfully delivered all targeted milestones from the financial roadmap, including refinancing of debt, extending maturity to 2030, and reducing gross debt by $200 million.
DDE Segment Performance
DDE segment revenue grew 16% to $214 million with adjusted EBITDA up 32% at $137 million.
Geoscience Revenue Increase
Geoscience external revenue reached $110 million, up 25% compared to last year, supported by strong backlog and significant sales of Duration software.
Expansion in Low Carbon and New Projects
Won a new Carbon Sequestration project in the North Sea and completed two carbon storage screening projects in Continental Europe.
Asset-Light Strategy Enhancements
Ended vessel capacity agreement, enhancing financial and operational flexibility.